Gold and tin exploration in the DRC
Erongo Energy Limited (ASX code: ERN) is focused on exploring the highly prospective Maniema Project, which covers 930km² and is located in east central Democratic Republic of the Congo, Central Africa.
The Maniema Project is prospective for gold and tin, and is in the same geological setting as the Banro and Kilo-Moto gold deposits.
Seven significant target areas have been identified from previous work, none of which have been previously drill tested.
At Kabotshome on Prospect 4804, mineralisation has been identified over more than 1km, with widths of more than 80m. It remains open to the north, south and at depth. Results have included 25m at 2.17 g/t Au from 74m, including 7.25m at 4.89 g/t Au, and 18m at 2.03 g/t Au from 68m including 4m at 6.38 g/t Au. The results confirmed the potential for a significant low-grade deposit at open pittable depths and a style of mineralisation that is similar to Banro’s Twangiza and Namoya deposits.
Erongo completed a drilling program at the Mitunda and Mbutu prospects in June 2012 that potentially identified two flat-lying mineralised structures. The Company is now planning further diamond drilling at Kabotshome, with results expected by August 2012.
Erongo also plans to explore the Kalulu Prospect, a tin soil anomaly surrounded by extensive artisanal workings, in 2012.
The Company is currently completing a due diligence review of the Giro Gold Project, in northeast DRC. Erongo has entered into an agreement to acquire up to 60% of four tenements, which are west of Randgold Resources' multi-million ounce Kibali deposits. Evaluation is expected to be complete in July 2012.